Whitehaven Coal has released the Production Report for the quarter to 31 December 2017.
Strong safety performance – Group TRIFR 6.19 at the end of December, the lowest recorded by the company in its 18-year history.
ROM coal production of 5.4Mt for the quarter and 11.2Mt for the first half.
Saleable coal production of 5.0Mt for the quarter and 10.9Mt for the first half.
Coal sales, including purchased coal, of 5.8Mt for the quarter and 11.9Mt for the first half.
Agreement to acquire Idemitsu’s 30% joint venture interest in the Tarrawonga joint venture taking Whitehaven’s ownership to 100%.
Drilling to define the fault zone in LW panel 10 confirms narrowing displacement, supporting the decision to mine through the fault zone in LW panels 8 and 9.
Paid $198 million to shareholders as a capital return and dividend in November.
The full report can be found here: December 2017 Quarter Report
The audio of the Investors Conference Call in relation to the report can be found below.
Paul Flynn, Managing Director and CEO, discussing the report on Sky News Business can be found below.